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European LNG prices are reaching levels that will hit demand, says Vitol

Published Updated
Photo: Reuters
Photo: Reuters
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NEW DELHI: European prices of liquefied natural gas (LNG) are reaching levels that will start hurting demand, commodities trading firm Vitol’s Chief Executive Russell Hardy said on Wednesday at the India Energy Week conference in New Delhi.

Global LNG: Asia spot prices gain amid Russia-Ukraine gas transit concerns

He added that he does not see new policies in top producer the United States leading to major change in anticipated LNG supply capacity growth through 2028.

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